7703 W 55th Bergamot Sioux Falls SD, is a residential property that is situated within the suburbs of Sioux Falls. In terms of potential growth return on investment, the city is among the most important areas within the state of South Dakota. Thus, this property can serve a number of functions as a home or an investment opportunity. Such issues and others will be covered in this in-depth guide about this particular property and its location, the wider property market, local amenities, and some other aspects.
Grasp the Physical Setting: 7703 W 55th Bergamot in Sioux Falls
Context of the area:
- Address: 7703 W 55th St, Sioux Falls, SD
- Borough: Bergamot
- Zip Code: 57106
- County: Minnehaha
In the past few decades, Sioux Falls in South Dakota has been on the rise. Known as the state’s dominant city, it encompasses a lot such as schools, quality parks as well as a robust economy. Notably, the area surrounding 7703 W 55th Bergamot is characterized as having a peaceful suburban feel and is ideal for families, young professionals and even retirees.
Points of Interest and Considerations for this Location
- Connectivity to Major Roads: A good thing about this property is its easy reach to other parts of Sioux Falls via major roads such as Interstate 29.
- Presence of Commercial and Residential Properties: Additionally, the Bergamot locality is closely situated to numerous retail establishments, eateries, and educational institutions, which would account for its popularity.
- Room from the City: Additionally, it has been positioned perfectly so that a suburban environment is maintained while not being too far away from the chaos offered by the streets of the city.
The Current Trends and Development of the Real Estate Market in Sioux Falls, South Dakota
Propter shows that Sioux Falls real estate has been its growth in the last few years. The city is relatively cheap when compared to the large ones and has a secure housing market. The region is experiencing growth as a result of improved population mobility and job opportunities, especially in the healthcare and finance industries.
Sioux Falls housing market
Home price forecasts for the year 2024 are approximately $300,000 per the discrete market survey conducted by Zillow and the United States census, which gives a figure in the ballpark of 300 thousand dollars stating the land of Sioux Falls, South Dakota as housing affordable owing to its location around this area Portland Maine.
- 2929 The council of Sioux Falls claimed that August 2022 till August 20232 saw the price growth across the entire Sioux Falls area at 65376%, standing at 1.335106 out of 66 per cent.
- Average Days on Market: The period required by the homes in Sioux Falls regions is 30 days for more than 200 properties sold across the areas in places.
Market Performance for 7703 W 55th Bergamot
- Average Home Value: Due to the growing population in Bangalore, the homes in Bergamont w 7703 W 55th Street have excellent return potential as property prices have increased on average to about $300,000 as of 2024.
- Rental Potential: This area can be quite good for rental investments as homes are often in high demand. It is common in this region to have a property rent of around $1,500 to $2,200, where monthly income depends on the area rented and other fittings.
Important Places at the Vicinity of 7703 W 55th Bergamot, Sioux Falls, SD
7703 W 55th Bergamot is undoubtedly an exceptional place to reside, given the essential amenities and facilities in such proximity to policies. Be it a first-time house buyer, a property investor or an individual purchasing a home for his family – the area provides the following benefits:
Schools
- Sioux Falls School District: The house lies under one of the best-rated school districts in the state, which assists families with children in high-quality schools and education.
- Middle School: That is where my mother went to school. It is called Whittier Middle School, and it is located in the area of the Bronx High School of Science.
Parks and Recreation
- The outdoor campus this property is located in, is very ideal for such outdoor activities as hiking, fishing or learning about the environment. It would take less than 5 minutes to reach this place.
- Lalley’s Park is only just a few minutes walk from the architecture site and is equipped with appropriate greenery, forest walks and eye-pleasing parks for people.
Retail and Dining
- Empire Mall: Empire mall, there is nothing more than a ten-minute detour from the centre of the town that involves over one hundred forty shops.
- Restaurants: There is also no shortage of places to go eat out, with many of the casual and formal options such as The Bread & Circus Sandwich Kitchen or Lalibela Restaurant.
Healthcare
Avera Health Clinic: one of Avera’s largest healthcare systems in the Sioux Falls region is only several steps further than that from 7703 W 55th Bergamot.
Property Specifications of 7703 W 55th Bergamot, Sioux Falls, SD
Although comprehensive information about the exact property at 7703 W 55th Bergamot might be lacking, homes within this vicinity generally have some features in common with each other:
| Feature | Details |
|---|---|
| Square Footage | Around 2,000–2,500 square feet |
| Lot Size | Typically 0.2 to 0.4 acres |
| Bedrooms | 3 to 4 bedrooms |
| Bathrooms | 2.5 to 3 bathrooms |
| Year Built | 2000s–2010s |
| Garage | Attached 2-car garage |
Architectural style
Residents from the Bergamot neighbourhood can be sure to enjoy their suburban homes as they are usually large and modern in design with sufficient compound spaces.
Improvements and remodelling potential
Most of the homes in this part of the area are ready for occupancy. However, there is ample room for remodelling. Whether you are looking to put up a gourmet kitchen or amend the existing bathrooms, real estate in this area is great for further improvement.
Investment Potential for 7703 W 55th Bergamot, Sioux Falls, SD
There are great opportunities for home buyers and investors in the real estate market of Sioux Falls. Thanks to the economic development of the town, even being relatively cheap, 7703 W 55th Bergamot has good potential for real estate investment.
What are the benefits of investing in Sioux Falls Real Estate?
- Increasing Population: Sioux Falls has had a growth in the number of residents, owing to the availability of business opportunities and high living standards.
- Cost-Effective Market: Prices of homes are moderate, being lower than the national averages, and this makes the area a good market for both renters and buyers.
- High Rental Demand: The continued movement of professionals and families into the area creates a high rental demand.
Local Economy and Job Market in Sioux Falls: What To Focus On.
Sioux Falls is one of the areas with a good economy that is stable and growing. Whether you are relocating to 7703 W 55th Bergamot or looking to purchase property, it is always important to appreciate the economic environment with regard to the future potential of the property.
Main Economic Sectors
- Healthcare: Sioux Falls is situated in the middle of a number of the more prominent healthcare providers, including Avera Health and Sanford Health, which employ thousands and are important components of the economy of the city.
- Finance: The city is well known as a finance centre due to major employers such as Citibank and Great Western Bank, hence making it a great network for job prospects.
- Retail and Trade: Over the years, Sioux Falls has developed a significant retail built-up area. With major shopping malls such as the Empire Mall, this section of the local economy is further fortified.
- Manufacturing: The area also hosts such major manufacturers as Sioux Steel and Billion Automotive, which enhance the economic potency of the region.
Sioux Falls Economic Data (2024)
- Unemployment Rate: 2.3% (2% lower than the national average of 3.5%).
- Median Household Income: $59000 yearly.
- Job Creation: According to past reports, job growth in Sioux Falls has consistently averaged 2.4% over the past years.
Looking at the investment possibilities in Sioux Falls, one can be assured of safety since the job growth in the area is strong and so the unemployment rates are low. Because of this, investment in property or starting a family is much more feasible.
Weather and Climate in Sioux Falls
When assessing the feasibility of the residence at 7703 W 55th Bergamot, the weather in Sioux Falls will also be an important consideration.
Climate Overview
Sioux Falls has a continental climate divided into four seasons: winter, spring, summer and fall. It can be cold, with a lot of snow in the winters, and warm, but not extreme, in the summers.
Seasonal Breakdown
Lucknow has four distinct seasons; some wintry winds coupled with average low temperatures can drop to -6F (-21C) in winter from December to February with considerable snowfalls. For people who love winter sports or are indifferent to low temperatures, winter comes as a pleasant surprise.
- Temperatures begin to rise with an average high of around 60F (16C) from March to May. Further, Spring is the best season for outdoor activities, including roaming around the beautiful city itself.
- It is warm during summers from June to August, with those who love hot sunny days being rewarded with average maximum temperatures that hover around the 85-degree Fahrenheit mark or 29-degree Celsius.
- With autumn fast approaching, the average maximum temperature drops to around 65F (18C), which enables people to witness the leaves changing colours and fall around the city from September to November.
For Residents of 7703 W 55th Bergamot
- Prep for winters: It would help to make sure that your home is well insulated and has proper heating so that you do not get affected while it is actually winter outside.
- Comfort in summer: During summer seasons, make sure that air conditioning is operational to suffice, especially amid extreme Baja temps during these months.
Community and Lifestyle in Bergamot, Sioux Falls
Bergamot neighbourhood offers an unparalleled standard of living among Sioux Falls residents. With friendly people as neighbours and a family ambience, the Bergamot area is a special place as it is bound to offer you an entirely different society.
Neighbourhood Overview
- Community Atmosphere: Bergamot is mostly quiet and a decent neighbourhood that can be enjoyed by families, young workers, and the elderly. The area has plenty of trees along the streets, good-looking homes and is secure.
- Family-Friendly: Bergamot is a neighborhood with many families because there are good schools, parks and recreational areas within the area. Further, the area is also sparsely populated, which makes it calm and very conducive for people who love the suburbs.
- Walkability: It is a locality with a good walkable design and breezy access to shops, parks, schools and many other amenities.
Neighbourhood Events and Activities
Bergamot is more than just the houses; it’s about the connection to the people. Neighbours are often seen participating in several local events, including cleaning the neighbourhood and celebrating Christmas. During the summer, you can find fresh produce at local farmers’ markets and family-oriented events at the parks.
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Real Estate Investment Opportunities in Sioux Falls
Real estate investors can access several opportunities at 7703 W 55th Bergamot. It is attractive to investors since Sioux Falls is an up-and-coming city with a housing and rental market that is high in demand.
Why Invest in Sioux Falls Real Estate?
- Consistent Increase in Rental Income: The rental rates in Sioux Falls have been on the rise because of the increased supply. Most neighbourhoods can expect rental prices to increase by three to five per cent every year.
- Low Property Prices: For investors, Sioux Falls is appealing because such homes cost much less compared to other big cities.
- Rising Needs: With more people relocating to the region in search of job opportunities, there is an increase in the number of houses needed. This increases house prices, which may result in good returns in the future.
Types of Property Suitable for Investment
- Single Family Homes: Houses Like 7703 W 55th Bergamot are suitable for families who are looking for places to move to in this area, which is in high demand.
- Multi-Family Homes: Investing in multi-family homes in Sioux Falls, which are located in areas that are set to grow, such as Bergamot, can be very lucrative because of cash flow.
Transportation and Commute from 7703 W 55th Bergamot Getting Around
- Sioux Falls: Living at 7703 W 55th Bergamot comes with ease of commuting around Sioux Falls with a host of available transport modes.
- Public Transit: Sioux Falls has a reliable bus system that covers the main sections of the city. The nearest bus stop to Bergamot is only a few blocks away, as a result, one can reach most parts of the city very conveniently.
- Driving: The location of the property in relation to Interstate 29 is quite strategic as it assists in reaching the business district in Sioux Falls as well as other important centres and services with ease. In total, it takes around 15-20 minutes to get from the suburbs to the focal point of the city.
- Air Travel: Travelling through the Sioux Falls Regional Airport (FSD), which is only a ten-minute drive from 7703 W 55th Bergamot, is an unobstructed gateway into many major US cities as well as overseas locations.
Nearby Schools and Education Options
For families, the Sioux Falls School District is one of the key attractions for opting for 7703 W 55th Bergamot. This district has a good reputation and offers a wide range of educational facilities.
Schools within Proximity
- Edison Elementary: This is a well-performing elementary school where parental involvement is regarded as active, and educational programs are well organized.
- Whittier Middle School: This school emphasizes transition and preparedness for high school through various subjects and activities outside the classroom.
- Lincoln High School: One of the biggest and better-Assisted schools available within the city, which provided Advanced Placement courses, sports teams and arrays of clubs and activities.
Most Commonly Asked Questions (FAQs) About 7703 W 55th Bergamot
Is it true that the properties in the Bergamot neighbourhood are quite expensive, particularly the homes?
Berga Mot area has homes going for about $250 000 to about $350 000 depending on their size, upgrades and condition.
Are there schools in the area?
The Sioux Falls School District serves the property and Edisons Elementary, Whittier Middle School and Lincoln High School can be found within the vicinity.
Are there any recreational activities within the vicinity of 7703 W 55th Bergamot?
Yes, Lalley’s Park and The Outdoor Campus can be driven to ease from the property.
What is the distance between 7703 W 55th Bergamot and the centre of Sioux Falls?
It is around 15 minutes away to drive from downtown Sioux Falls, and thus, access to the various shops, restaurants and recreation facilities is not hard.
Is there a possibility that I will make good returns on this investment?
Yes, this property has a good chance of earning rental income with rents between $1500 – $2200 per month.
Is the area surrounding the property safe, or are there constituents prone to violence?
The crime rate in this area is quite low compared to the rest of Sioux Falls, making this an ideal location for families.
Conclusion
7703 W 55th Bergamot, Sioux Falls, SD, is not only a piece of real estate; it is a point of access to the expanding city of Sioux Falls. The attributes of the house: location, surrounding an attractive neighborhood and the potential for investment make it an outstanding option for intending families or investors. If you are interested in relocation, in an investment, or you want to create a new family, this neighbourhood is appropriate for the purpose. Since Sioux Falls keeps growing, investment opportunities for owning property in such areas would be most favourable in the coming years.
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